Operators hail passage of IR Implementation Act

Two major US operators, Las Vegas Sands and MGM Resorts, delivered press releases hailing the passage of the IR Implementation Act shortly after it occurred on Friday night.

George Tanasijevich, Las Vegas Sands’ managing director of global development, said: “Las Vegas Sands would like to extend our congratulations to the people of Japan for the enactment of the IR Implementation Bill today. This development will allow Japan to build the world’s most successful Integrated Resorts. The bill would not have been possible without the conviction and contributions of Prime Minister Shinzo Abe, the Japanese government, regional governments, businesses, and various stakeholders.”

Jim Murren, chairman of MGM Resorts, commented that, “the process has been very deliberate and transparent. We appreciate the high level of social responsibility reflected throughout the process by creating one of the most comprehensive bills of its kind anywhere in the world. MGM is proud to have provided academic research and economic analysis as well as facilitating numerous study sessions with experts from around the world. Today’s passage allows us to advance our relationships with key stakeholders and together create a coalition of Japanese business partners who will collectively define a vision for a uniquely Japanese, world-class integrated resort.”